Is this a Hold Up?

Breaking Financial News Especially for Generation X: Our Children are Broke! And our parents are aging.

Is that what they call breaking news?

For most of us it’s not.

It is everyday life.

But a recent CNBC study decided to shine a light on our dark secret.

So, we thought we’d share it here on the blog that helps people live the life they dream about – worry free.

Wait a Dang Minute

We’ve been praying for financial miracles.

Yes, we want our children to graduate from college and get a good job.

Yes, we want to retire on time.

Yes, we want our aging parents to be happy and healthy in retirement.

But, still….

If you are between the ages of 40 and 60, then you know, what I’m saying is true: “if ain’t one thing it is another…” especially when it comes to our loved ones and our hard earned cash.

Our Current Situation

Today, more than every in the history of Gen X money, it either in short supply or somebody we love wants some of it.

To sharpen the picture even more, most of us are either still raising kids or providing for them economically.

And some of us are doing a little bit or a lot of caring for our aging parents.

They call GEN X’er’s like us the “Sandwich” generation.

But, I don’t think most of us find it tasty.

Sandwiched

So, here we sit between a rock and a hard place on top of all that goo.

Pew research says that we are not alone. Almost have of Gen-Xers are sandwiched.

But this is not our happy place.

So what if we grew up enjoying peanut butter and jam in our lunches boxes.

Our generation had big dreams for our lives and money.

But our plans to raise our children, move to suburbia or wherever else we wanted to retire feel like they’ll be unrealized for a lot of us, but things can change.

Gen X don’t start living your nightmares yet.

Don’t Worry. Be Vigilant!

There are new and easy to implement strategies and tips that you can employ to get ahead of your nightmares and live the life of your dreams. Visit this blog regularly. We will continue to share worry-free tips especially to help you live the life you dream about – worry free, especially for people like us: GenX.
In the meantime…. Discover what the CNBC study revealed below:

Four in 10 millennials are overwhelmed by debt, with almost half spending at least 50 percent of their monthly paycheck paying off debt, a new study by Wells Fargo found. More than half—56 percent—reported living paycheck to paycheck.

Credit cards are the biggest drain on millennials’ wallets, followed by mortgages and student loans.
However, millennials are optimistic—72 percent said they are confident they’ll be able to save enough to have the lifestyle they want in the future.

“They’re overconfident, they’re extremely optimistic if you compare them to other generations,” Dan Schawbel, founder of Millennial Branding and author of “Promote Yourself,” told CNBC’s “Power Lunch.”

“Honestly, it’s not there for them. A third don’t think they’re going to have the same standard of living as their parents did and that’s a huge problem. Read more.